Nebraska Affordable Housing Tax Credit Act Frequently Asked Questions
Current rates
| Program Name |
Conventional Loan Rate |
Government Loan Rate |
|---|---|---|
| Military Home | N/A | 5.875%* |
| First Home Targeted | 6.375%* | 5.875%* |
| First Home | 6.625%* | 6.125%* |
| Homebuyer Assistance (HBA) | 6.875%* - 1st loan 1.000%* - 2nd loan |
6.375%* - 1st loan 1.000%* - 2nd loan |
| Welcome Home++ | 7.375%* | 6.875%* |
| Welcome Home Assistance (WHA)++ | 7.625%* - 1st loan 1.000%* - 2nd loan |
7.125%* - 1st loan 1.000%* - 2nd loan |
Last changed 04/18/2024 at 9:00 a.m
*This is not an advertisement for credit as defined in Reg.Z; contact a participating NIFA lender for Annual Percentage Rate (APR) information. Rates are subject to change without prior notice.
++An origination fee up to 0.50% of the loan amount may be charged by Lender.
News Types
Feb 22
Residential Developer/Property Manager Community Development
Nebraska Affordable Housing Tax Credit Act Frequently Asked Questions
The Nebraska Affordable Housing Tax Credit Act (LB 884; Neb. Rev. Stat. §77-2501 et seq.) (the
“AHTC Act”)) creates a Nebraska state income tax credit (the “AHTC”) for the development of
affordable housing modeled after the federal low-income housing tax credit (“LIHTC”) provided
in Section 42 of the Internal Revenue Code (the “Code”). The Nebraska Investment Finance
Authority (“NIFA”) and the Nebraska Department of Revenue (the “Department of Revenue”) are
charged with the allocation and administration of the AHTC.
You can find a list of Frequently Asked Questions and Answers under How Tax Credits Work on our Program Page
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Lincoln, NE 68508-1402
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